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Plaid Technologies buys NYC-based Quovo for $200M

Jan 09, 2019 - New York Business Journal
Mergers and Acquisitions

Plaid Technologies Inc., a startup known for connecting money-managing smartphone apps with bank accounts, announced it was buying New York-based Quovo Inc.

The deal is worth about $200 million, according to reports.

"We're excited to announce that Plaid has acquired Quovo to make it easier for developers to build products that incorporate investment and brokerage data," wrote Plaid founders Zach Perret and William Hockey in a joint statement.

Since launching in 2012, Plaid has...